INJ/USDT Technical Analysis Overview
INJ/USDT Price Outlook:
INJ has already seen massive gains during this bear market, doing a 10x before the start of the new bull run.
It just broke out of a bullish pennant pattern, signaling a continuation of the uptrend per the technical chart.
The initial price target is around $20.
I'd expect a minor retracement back to ~$9 first to retest the former resistance level.
This would provide a solid buy zone right before the next leg up.
With the bullish pennant breakout, if INJ holds support above $9, the technical analysis points to strong upside potential against USDT.
INJ has already seen massive gains during this bear market, doing a 10x before the start of the new bull run.
It just broke out of a bullish pennant pattern, signaling a continuation of the uptrend per the technical chart.
The initial price target is around $20.
I'd expect a minor retracement back to ~$9 first to retest the former resistance level.
This would provide a solid buy zone right before the next leg up.
With the bullish pennant breakout, if INJ holds support above $9, the technical analysis points to strong upside potential against USDT.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.